There are many essential aspects of a house that homeowners should be aware of to maintain the value of their property. One of the most important yet often neglected is regular home renovations. Not only do they keep your home looking and functioning at its best, but they can also save you money in the long run by preventing more costly repairs later on.
A few simple steps can considerably reduce the cost of renovations, depending on what one is looking to achieve. To help you plan your budget, here are some common renovation costs for a typical house structure to get you started on how much it will cost to renovate your home according to its intended purpose.
Replacing the flooring for existing rooms can also cost around 2,000 to 10,000 dollars. Flooring is easily one of the first things people think about doing when renovating their homes because they are constantly getting damaged by dirt and other external elements that could pose a hazard over time.
The material used would determine how much you are willing to spend depending on what you are looking for. When shopping around for floorboards, you may want to refer to the cost guide replacing floorboards to ensure you get a good deal. Comparing prices makes it possible to make even small savings that can add up over time. The cost of wooden floors or tiles usually only varies according to size. For example, a specific type of tile may cost more per square meter than another.
The cost of building the roof ranges from 1,000 – 6,000 dollars. This is due to different factors such as which part of the country are you are in and the materials being used. Roofing can use up more money depending on what type of shingle or tiles are being used. It offers better protection against any weather elements that might cause damages over time. Some materials can also be challenging to install, which significantly affects labor costs, leaving you with a hefty price tag at the end of the day.
The bathroom renovation costs can also cost a small fortune as you will be taking a closer look at the plumbing fixtures and the tiles being used. Upgrading to new models of toilets and sinks could have an average price tag from 1,000 – 4,000 dollars depending on the features that come with it. According to construction experts, installing new bathtubs or showers would cost around 10,000 dollars, but moving walls inside bathrooms could increase your prices by 8%.
Installing lighting fixtures inside a house can also cost an arm and a leg if you purchase new ones entirely, so it might be better to get refurbished models instead, which still provides excellent results at half the price. The average price range would cost somewhere from 300 to 3,000 dollars for different lamps and chandeliers. If you intend to install new electrical wiring within your home, that will take around 200-300 dollars each time, depending on the length of wire that needs to be laid.
The average cost for installing carpets is usually around 2k-3k per room, which takes about 1 week for four people working 8 hours a day. This price also includes materials and labor, so factor in another 500 dollars if you purchase carpet yourself instead of getting contractors to do it. Lastly, installation costs could range from 500 dollars to several thousand depending on how complex it is or what type of flooring you are covering up with carpet.
Furnishing your house after renovation could cost around 1,000 to 8,000 dollars depending on what you need, including drapes/curtains, chairs, tables, and cabinets. For drapes alone, you can expect to spend about 50-100 dollars each depending on its material. At the same time, curtains can fall under the same price range, but this relies too much on their intricacy, so it is best to consult your contractor beforehand.
When renovating any exterior areas, such as the facade, it will have a price range from 5,00 -30,000 dollars depending on what material you are using and how they would be installed. Some types of cladding installation require more precise work, leading to higher costs for labor due to safety reasons.
Facade replacement can also cost around 10,000 per linear meter, with painting around 2-3k per square meter. Adding an extension or building a garage could cost anywhere from 50,000 – 200,000 dollars depending on its size and the additional structural materials used. It only includes the construction fees with no extra charges included.
These are just some rough estimates based on different renovation projects, not including any other charges that might crop up during the process. You could also get discounts and other offers depending on who your contractor is, so it would be advisable to shop around for one that’s giving you a bang for your buck to get the best deals. Renovating is an experience that requires patience, so do not rush into anything without doing your research first, as this could lead to more trouble in the long run.